CIL urged to prioritise coal production to reduce imports: Minister G Kishan Reddy
COAL & MINING

CIL urged to prioritise coal production to reduce imports: Minister G Kishan Reddy

Union Minister G Kishan Reddy has called on Coal India Limited (CIL) to focus on ramping up domestic coal production and scaling up supply to reduce the country’s dependency on coal imports. CIL, which accounts for over 80% of India's domestic coal output, was highlighted as key to India’s energy security.

Speaking on the occasion of CIL’s 50th Foundation Day, Reddy praised the company’s efforts to improve workers' welfare, particularly through the introduction of Performance Linked Incentives for contractual workers, effective FY 2023-24.

The launch of commercial coal mining has brought transparency and ease of doing business to the sector, and Reddy expressed confidence that CIL has the capacity to compete in an open market environment. He also acknowledged the company’s diversification initiatives, including the establishment of a thermal power plant and its exploration into critical mineral acquisition.

Reddy emphasized that while coal will remain essential for India's energy needs, the country is making significant investments in renewable energy and addressing climate change. Coal Secretary Vikram Dev Dutt noted that CIL’s coal stocks at power plants have risen to 31.6 MT, a 68% increase from the previous year, primarily driven by CIL’s contributions.

Union Minister G Kishan Reddy has called on Coal India Limited (CIL) to focus on ramping up domestic coal production and scaling up supply to reduce the country’s dependency on coal imports. CIL, which accounts for over 80% of India's domestic coal output, was highlighted as key to India’s energy security.Speaking on the occasion of CIL’s 50th Foundation Day, Reddy praised the company’s efforts to improve workers' welfare, particularly through the introduction of Performance Linked Incentives for contractual workers, effective FY 2023-24.The launch of commercial coal mining has brought transparency and ease of doing business to the sector, and Reddy expressed confidence that CIL has the capacity to compete in an open market environment. He also acknowledged the company’s diversification initiatives, including the establishment of a thermal power plant and its exploration into critical mineral acquisition.Reddy emphasized that while coal will remain essential for India's energy needs, the country is making significant investments in renewable energy and addressing climate change. Coal Secretary Vikram Dev Dutt noted that CIL’s coal stocks at power plants have risen to 31.6 MT, a 68% increase from the previous year, primarily driven by CIL’s contributions.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000